Vest Financial LLC Makes New Investment in Howmet Aerospace Inc. $HWM

Key Points

• Vest Financial LLC acquired 67,247 shares of Howmet Aerospace in the second quarter, valued at approximately $18.08 million. Institutional investors and hedge funds collectively own 90.46% of the company.
• Analysts maintain a bullish outlook, with one Strong Buy, 17 Buy, and two Hold ratings. Howmet has an average rating of “Moderate Buy” and an average price target of $315.67.
• Howmet exceeded quarterly expectations with $1.33 EPS and $2.55 billion in revenue, up 24.1% year over year. The company also increased its quarterly dividend to $0.14 per share, implying a $0.56 annualized payout.

Vest Financial LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 67,247 shares of the company's stock, valued at approximately $18,080,000.

Other large investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Howmet Aerospace by 2.2% in the fourth quarter. State Street Corp now owns 18,365,429 shares of the company's stock valued at $3,765,280,000 after purchasing an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Howmet Aerospace by 27.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company's stock worth $3,409,936,000 after purchasing an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Howmet Aerospace by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company's stock worth $2,316,277,000 after buying an additional 221,775 shares in the last quarter. Bank of America Corp DE lifted its holdings in Howmet Aerospace by 1.7% during the 1st quarter. Bank of America Corp DE now owns 10,728,447 shares of the company's stock worth $2,472,478,000 after buying an additional 177,533 shares in the last quarter. Finally, Norges Bank bought a new position in Howmet Aerospace in the 4th quarter valued at $1,793,698,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HWM shares. Morgan Stanley restated an "overweight" rating and set a $335.00 target price on shares of Howmet Aerospace in a research report on Monday. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Wednesday. UBS Group lifted their price objective on Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Sanford C. Bernstein reissued an "outperform" rating and set a $318.00 price objective on shares of Howmet Aerospace in a report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $320.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $315.67.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $289.33 on Friday. The firm has a fifty day moving average of $276.03 and a two-hundred day moving average of $256.16. The stock has a market capitalization of $115.76 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 2.02 and a beta of 1.20. Howmet Aerospace Inc. has a 52 week low of $169.45 and a 52 week high of $310.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm's quarterly revenue was up 24.1% on a year-over-year basis. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace's payout ratio is currently 12.07%.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.

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